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From $545.23 million in 2023, the global market for veterinary orthopedics is expected to increase at a CAGR of 9.4% to $823.19 million by 2030. The expansion of the pet population, the demand for pet insurance, and the cost of veterinary treatment are driving the market. However, throughout the predicted time period, market expansion is anticipated to be hampered by the high price of veterinary orthopedic equipment and procedures.
Movement restrictions, decreased veterinarian visits, and postponed or canceled elective veterinary orthopedic operations all contributed to a decline in the market as a result of the COVID-19 epidemic. The Colorado, USA-based clinic Harmony Veterinary Center stopped offering elective surgery, dental work, and other medical services for animals in March 2020. In response to the outbreak, nearly all veterinarians polled by the American Veterinary Medical Association (AVMA) in April 2020 said they were limiting client contact and postponing some surgical procedures.
As lockdown protocols were relaxed in various nations and many public health agencies made guidelines in favor of the resumption of veterinary surgeries, the global surgical volume steadily rebounded. The Seven Hills Veterinary Hospital, for example, has recorded a rise in the number of patients requiring appointments, phone calls, urgent care, emergency treatments, and surgeries since revising their policies in June 2021. The frequency of elective procedures did drop after the COVID-19 pandemic, but experts predict it will rise again in the years to come.
Instruments and implants make up separate ends of the product spectrum in the veterinary orthopedics market. The implant market is divided into submarkets for plates, screws, and several other types of implants. Plates section is further divided into Compression Plates, Arthrodesis plates and Acetabulum plates. The market share for implants in veterinary orthopedics increased in 2021. However, between 2022 and 2027, the instruments subsegment is anticipated to increase at the fastest CAGR. High-precision and accuracy surgical devices, such as bone cutting forceps, bone files, bone rasps, and more, are predicted to develop as the number of specialized procedures performed on animals rises.
There was a 21% increase in the pet health insurance market in North America in 2019, per the North American Pet Health Insurance Association (NAPHIA). Despite certain difficulties brought on by COVID, NAPHIA predicted that their industry would continue to expand even until 2020. All these factors are projected to continue powering the regional growth over the projection period. Pet Fair Asia estimates that urban Chinese pet owners spent over USD 28.8 billion on their pets in 2018, mostly on cats and dogs. The Chinese pet insurance market is still young, but it shows great promise for making vet visits and emergency care more inexpensive in the future. These elements are expected to propel the veterinary orthopedics market in China.
More than 55% of market revenue came from the implants sector, making it the dominant market segment. Plates, screws, and other orthopaedic implant types for animals are just the tip of the iceberg. The plates section includes compression plates, arthrodesis plates, and acetabulum plates. Scil Animal Care Corporation reports that cruciate ligament fixes and traumas account for the majority of their business when it comes to veterinary orthopaedic implants. It is anticipated that the market for instruments would expand rapidly throughout the foreseeable future. Veterinarians report that small animal procedures require extremely specialized, accurate, and precise surgical instruments. Some examples are skeletal cutting forceps, skeletal files, and skeletal rasps.
Report Coverage
Global Veterinary Orthopedics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Veterinary Orthopedics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Veterinary Orthopedics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Veterinary Orthopedics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Veterinary Orthopedics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Veterinary Orthopedics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
B. Braun Melsungen AG (Germany); Movora (US); STERIS (US); DePuy Synthes (Johnson & Johnson) (US); AmerisourceBergen Corporation (US); Arthrex, Inc. (US); Surgical Holdings Veterinary (UK); Veterinary Instrumentation (UK); Integra LifeSciences Corporation (US); Narang Medical Limited (India), GerVetUSA (US), Ortho Max Manufacturing Company Pvt. Ltd. (India), Veterinary Orthopedic Implants (US), Kyon AG (Switzerland), and BioMedtrix, LLC (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Veterinary Orthopedics market based on the below-mentioned segments:
Global Veterinary Orthopedics Market, By Product
Instruments
Implants
Plates
Compression Plates
Arthrodesis plates
Acetabulum plates
Screws
Others
Global Veterinary Orthopedics market, By Application
Total Knee Replacement
Total Hip Replacement
Total Elbow Replacement
Trauma Fixation
Tibial Plateau Leveling Osteotomy (TPLO)
Tibial Tuberosity Advancement (TTA)
Lateral Fixation
Others
Global Veterinary Orthopedics Market, By End User
Veterinary Hospitals and Clinics
Other End Users
Global Veterinary Orthopedics market, Regional Analysis
Movement restrictions, decreased veterinarian visits, and postponed or canceled elective veterinary orthopedic operations all contributed to a decline in the market as a result of the COVID-19 epidemic. The Colorado, USA-based clinic Harmony Veterinary Center stopped offering elective surgery, dental work, and other medical services for animals in March 2020. In response to the outbreak, nearly all veterinarians polled by the American Veterinary Medical Association (AVMA) in April 2020 said they were limiting client contact and postponing some surgical procedures.
As lockdown protocols were relaxed in various nations and many public health agencies made guidelines in favor of the resumption of veterinary surgeries, the global surgical volume steadily rebounded. The Seven Hills Veterinary Hospital, for example, has recorded a rise in the number of patients requiring appointments, phone calls, urgent care, emergency treatments, and surgeries since revising their policies in June 2021. The frequency of elective procedures did drop after the COVID-19 pandemic, but experts predict it will rise again in the years to come.
Instruments and implants make up separate ends of the product spectrum in the veterinary orthopedics market. The implant market is divided into submarkets for plates, screws, and several other types of implants. Plates section is further divided into Compression Plates, Arthrodesis plates and Acetabulum plates. The market share for implants in veterinary orthopedics increased in 2021. However, between 2022 and 2027, the instruments subsegment is anticipated to increase at the fastest CAGR. High-precision and accuracy surgical devices, such as bone cutting forceps, bone files, bone rasps, and more, are predicted to develop as the number of specialized procedures performed on animals rises.
There was a 21% increase in the pet health insurance market in North America in 2019, per the North American Pet Health Insurance Association (NAPHIA). Despite certain difficulties brought on by COVID, NAPHIA predicted that their industry would continue to expand even until 2020. All these factors are projected to continue powering the regional growth over the projection period. Pet Fair Asia estimates that urban Chinese pet owners spent over USD 28.8 billion on their pets in 2018, mostly on cats and dogs. The Chinese pet insurance market is still young, but it shows great promise for making vet visits and emergency care more inexpensive in the future. These elements are expected to propel the veterinary orthopedics market in China.
More than 55% of market revenue came from the implants sector, making it the dominant market segment. Plates, screws, and other orthopaedic implant types for animals are just the tip of the iceberg. The plates section includes compression plates, arthrodesis plates, and acetabulum plates. Scil Animal Care Corporation reports that cruciate ligament fixes and traumas account for the majority of their business when it comes to veterinary orthopaedic implants. It is anticipated that the market for instruments would expand rapidly throughout the foreseeable future. Veterinarians report that small animal procedures require extremely specialized, accurate, and precise surgical instruments. Some examples are skeletal cutting forceps, skeletal files, and skeletal rasps.
Report Coverage
Global Veterinary Orthopedics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Veterinary Orthopedics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Veterinary Orthopedics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Veterinary Orthopedics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | B. Braun Melsungen AG (Germany); Movora (US); STERIS (US); DePuy Synthes (Johnson & Johnson) (US); AmerisourceBergen Corporation (US); Arthrex, Inc. (US); Surgical Holdings Veterinary (UK); Veterinary Instrumentation (UK); Integra LifeSciences Corporation (US); Narang Medical Limited (India), GerVetUSA (US), Ortho Max Manufacturing Company Pvt. Ltd. (India), Veterinary Orthopedic Implants (US), Kyon AG (Switzerland), and BioMedtrix, LLC (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Veterinary Orthopedics Market from 2021 to 2030.
- Market Forecast for Veterinary Orthopedics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Veterinary Orthopedics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Veterinary Orthopedics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Veterinary Orthopedics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Veterinary Orthopedics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
B. Braun Melsungen AG (Germany); Movora (US); STERIS (US); DePuy Synthes (Johnson & Johnson) (US); AmerisourceBergen Corporation (US); Arthrex, Inc. (US); Surgical Holdings Veterinary (UK); Veterinary Instrumentation (UK); Integra LifeSciences Corporation (US); Narang Medical Limited (India), GerVetUSA (US), Ortho Max Manufacturing Company Pvt. Ltd. (India), Veterinary Orthopedic Implants (US), Kyon AG (Switzerland), and BioMedtrix, LLC (US).
Primary Target Market
- Market Players of Veterinary Orthopedics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Veterinary Orthopedics market based on the below-mentioned segments:
Global Veterinary Orthopedics Market, By Product
Instruments
Implants
Plates
Compression Plates
Arthrodesis plates
Acetabulum plates
Screws
Others
Global Veterinary Orthopedics market, By Application
Total Knee Replacement
Total Hip Replacement
Total Elbow Replacement
Trauma Fixation
Tibial Plateau Leveling Osteotomy (TPLO)
Tibial Tuberosity Advancement (TTA)
Lateral Fixation
Others
Global Veterinary Orthopedics Market, By End User
Veterinary Hospitals and Clinics
Other End Users
Global Veterinary Orthopedics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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